SPX Technologies - M&A Summary and Business Overview

MachineryCompany

SPX Technologies M&A Summary

SPX Technologies has acquired 24 companies, including 8 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 23 assets.

SPX Technologies’ largest acquisition to date was in 1998, when it acquired General Signal for $2.3B. It’s largest disclosed sale occurred in 2004, when it sold Edwards Systems Technology to General Electric Company for $1.4B. SPX Technologies has acquired in 12 different US states, and 8 countries. The Company’s most targeted sectors include machinery (30%) and manufacturing (30%).

SPX Technologies Business Overview

Where is SPX Technologies headquartered?

SPX Technologies is headquartered in Charlotte, North Carolina.

What is SPX Technologies’ revenue?

SPX Technologies disclosed revenue of 1,461M USD for 2022 and 1,220M USD for 2021.

How many employees does SPX Technologies have?

SPX Technologies has 4,500 employees.

What sector is SPX Technologies in?

SPX Technologies is a machinery company.

When was SPX Technologies founded?

SPX Technologies was founded in 1912.

M&A Summary

  • M&A Total Activity47
    • M&A Buy Activity24
    • M&A Sell Activity23
  • Total Sectors Invested 9
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 33
  • M&A Advisors 6

SPX Technologies

SPX Technologies, Inc.

6325 Ardrey Kell Road Suite 400,
Charlotte, North Carolina 28277
United States,
(980) 474-3700
www.spx.com

SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 16 2 2 1 2 1 24
vol $5.6B $543M $308M $6.5B
Sell (0.0/yr) # 23 - - - - - 23
vol $3.1B $3.1B
  47

Most Recent M&A

Company Date Value Type
Ingenia Technologies, Inc. 2024-02-07 308M CAD Add-on Acquisition
Mirabel, Quebec · www.ingeniatechnologies.com
ASPEQ Heating Group LLC 2023-05-01 418M USD Add-on Acquisition
St. Louis, Mississippi · www.aspeqheating.com
T. A. Morrison & Co. Inc. 2023-04-03 125M USD Add-on Acquisition
Smiths Falls, Ontario · www.tamcodampers.com
International Tower Lighting LLC 2022-04-11 - Add-on Acquisition
La Vergne, Tennessee · www.itl-llc.com
Cincinnati Fan & Ventilator Co. Inc. 2021-11-15 - Add-on Acquisition
Mason, Ohio · www.cincinnatifan.com
Sealite Pty Ltd. 2021-04-19 - Add-on Acquisition
Somerville, Australia · www.sealite.com
Sensors & Software, Inc. 2020-11-12 - Add-on Acquisition
Mississauga, Ontario · www.sensoft.ca
ULC Robotics 2020-09-02 - Add-on Acquisition
Hauppauge, New York · www.ulcrobotics.com
SPX Heat Transfer LLC 2018-07-02 - Divestiture
Tulsa, Oklahoma · www.spxheattransfer.com
CUES, Inc. 2018-04-23 189M USD Add-on Acquisition
Orlando, Florida · www.cuesinc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 7 (29%) 5.5B (84%) 7 (30%) 133M (4%)
Machinery 7 (29%) 407M (6%) 6 (26%) 48M (2%)
Test/Measurement Equipment 3 (13%) - 1 (4%) 90M (3%)
Engineering 2 (8%) - 1 (4%) -
Automotive - - 3 (13%) 1.2B (37%)
Technology Hardware 1 (4%) 189M (3%) 1 (4%) 190M (6%)
Electrical Equipment 1 (4%) 418M (6%) - -
Electronics 1 (4%) - - -
Information Technology 1 (4%) - - -
Software 1 (4%) - - -
Aerospace - - 1 (4%) 62M (2%)
Construction - - 1 (4%) -
Energy Services and Equipment - - 1 (4%) -
Safety/Security - - 1 (4%) 1.4B (45%)
Total 24 $6.5B 23 $3.1B

By Geo

State/Country Buy Value Sell Value
United States 13 4.9B 17 3.0B
  Illinois 2 64M 1 -
  Ohio 1 - 2 -
  Connecticut 1 2.3B 2 1.5B
  Texas 1 - 1 -
  Pennsylvania 1 35M 1 43M
  Florida 1 189M 1 -
  Minnesota - - 2 30M
  West Virginia 1 - - -
  Tennessee 1 - - -
  North Carolina 1 1.9B - -
  New York 1 - - -
  Mississippi 1 418M - -
  Oklahoma - - 1 -
  New Jersey - - 1 190M
  Michigan - - 1 1.2B
  Kansas - - 1 -
  Indiana - - 1 -
  California - - 1 90M
Germany 1 - 3 -
Canada 3 433M - -
  Ontario 2 125M - -
  Quebec 1 308M - -
United Kingdom 3 1.2B - -
Italy 1 - 1 28M
Australia 1 - - -
Belgium - - 1 48M
Denmark 1 - - -
New Zealand 1 - - -
Spain - - 1 -
Domestic 13 (54%) 4.9B (76%) 17 (74%) 3.0B (98%)
Cross-border 11 (46%) 1.6B (24%) 6 (26%) 76M (2%)
Total 24 $6.5B 23 $3.1B

Top M&A Advisors

Financial Deals
Lincoln International
7
BlackArch
1
PwC Corporate Finance LLC
1
Legal Deals
Holland & Knight LLP
1
Blake, Cassels & Graydon LLP
1

Deal Values

buy # Total
> $1B 3 $5.4B
$100M to $1B 4 $1.0B
< $100M 2 $99M
TOTAL $6.5B
Largest General Signal Corp.
$2.3B (1998-07-21)
sell # Total
> $1B 2 $2.5B
$100M to $1B 1 $190M
< $100M 7 $333M
TOTAL $3.1B
Largest Edwards Systems Technology, Inc.
$1.4B (2004-11-15)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Strategic(s)
25%
6 (25%)
Divested to
Investor(s)
48%
11 (48%)
Strategic(s)
52%
12 (52%)

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